Visitors to Canada charged with fraud

Toronto police have charged a pair of foreign visitors in connection with a scheme to defraud clients of financial firms in Canada.

The accused in the case, Na Lin, 46, and Shengyan Liu, 49, who are in Canada on visitor visas, have been arrested and charged with four counts of fraud over $5,000.

Police allege that “victims from across Canada had been receiving telephone calls from someone pretending to be from the victims’ financial institutions [claiming that] their accounts had been compromised.”

“They were then made to believe they would be assisting an undercover RCMP criminal investigation and that money had to be sent to predetermined locations via courier,” police said.

The allegations have not been proven.

As a result of the scheme, four victims were defrauded of $180,000, police said.

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.